Almost 20m sq. ft. of North East commercial property to be powered by 100% renewable energy

Posted by Knight Frank Newcastle on 21st May 2019 -

Property consultants Knight Frank, which has an office in Newcastle, has committed to purchasing only 100% renewable electricity for all the properties it manages – including 19.6 million square feet of commercial space in the North East.

Knight Frank has entered into a contract with Total Gas and Power to purchase only 100% renewable power for its properties under management through until 2021. Over the term of the contract, Knight Frank’s buildings will use over 360,000,000 KWH (or 360 GWH) of power at a cost of over £75m.

Knight Frank’s commitment to providing 100% renewable power will lead to a reduction of over 100,000 tonnes CO2e by 2021, the equivalent to taking nearly 17,000 cars off the road over the course of the contract.

The move further strengthens the firm’s green credentials following its recent pledge to go plastic free.

Peter Bowden, Partner and Head of Knight Frank Newcastle said: “Alongside our initiatives to drive energy and resource efficiency in the properties that we manage, buying our power from renewable sources is a very worthwhile commitment to responsible property asset management.

“This procurement is wholly supported by our clients and occupiers and will help us greatly reduce the substantial carbon emissions associated with the UK commercial property sector each year.” 

Knight Frank LLP is the leading independent global property consultancy. Its Newcastle office has a 50-strong team who provide property management, office and industrial buildings agency, building consultancy, ratings and lease advisory and property valuations. The team is very proactive in the market, using its unrivalled access to the latest markets research to ‘know things first’. They are a friendly team, with personality, that deliver a personal service.